Here is an interesting article and video discussing how to help your children learn about money management: http://losangeles.cbslocal.com/2017/02/22/the-fab-mom-on-2-mistakes-parents-can-avoid-when-teaching-kids-about-money/
The video recommends: 1) Giving kids money for chores they perform rather than providing them with an allowance, 2) Replacing piggy banks with clear jars so kids can see how much money they are saving, and 3) Starting to teach your kids about money by the time they are 7 years old. Kids start forming money management habits by kindergarden or first grade so starting to teach them about money early on is a great plan!
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